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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (19,088) $ (13,159)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 308 221
Loss on disposal of fixed assets 0 3
Interest expense 0 4
Non-cash consideration for licensing and collaboration revenue (128) 0
Change in fair value of equity securities 88 0
Stock-based compensation expense 3,024 343
Change in fair value of MSKCC success payments liability (1,596) 686
Amortization of investment premiums 327 0
Non-cash lease expense 500 0
Changes in operating assets and liabilities:    
Accounts receivable 779 74
Contract assets (6) 355
Other receivables 1,313 (1,095)
Prepaid expenses and other current assets (1,296) (562)
Other assets (487) (421)
Accounts payable (1,915) 37
Accrued expenses and other current liabilities (2,831) 3,879
Deferred revenue, current and long-term (572) 29,964
Deferred rent and lease incentive liability 0 (8)
Operating lease liabilities (85) 0
Other liabilities (8) (8)
Net cash provided by (used in) operating activities (21,673) 20,313
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of marketable securities 39,300 0
Purchases of property and equipment (723) (22)
Purchases of marketable securities (110,684) 0
Net cash used in investing activities (72,107) (22)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Series C convertible preferred stock, net of issuance costs 0 109,235
Proceeds from exercise of stock options and purchases of common stock under employee stock purchase plan 990 564
Payments on capital lease 0 (119)
Net cash provided by financing activities 990 109,680
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (92,790) 129,971
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH - BEGINNING OF PERIOD 240,466 15,953
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH - END OF PERIOD 147,676 145,924
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Cash and cash equivalents 147,630 145,924
Restricted Cash 46 0
CASH. CASH EQUIVALENTS, AND RESTRICTED CASH ON THE BALANCE SHEET 147,676 145,924
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes 0 0
Cash paid for interest 0 1
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITES:    
Acquisition of property and equipment included in accrued expenses and other current liabilities 981 95
Deferred issuance costs related to initial public offering unpaid at period end 0 422
Series C convertible preferred stock issuance costs unpaid at period end 0 408
Right-of-use assets obtained in exchange for new operating lease liabilities $ 26,249 $ 0